Monday, March 31, 2014
STUFF ... Ice caps melting, Arctic sea ice collapsing, water supplies coming under stress, American west mountain snowpack declining, heat waves, heavy rains intensifying, coral reefs dying, fish, other creatures migrating north or going extinct: new UN report. 2nd of 3. Oceans rising, becoming more acidic. Organic matter frozen in Arctic soils now melting, decaying into GHGs. World food supply at considerable risk. Climate change already having sweeping effects on every continent, likely to grow substantially worse unless - unless - GHG emissions are brought under control ... Driller wants to use '61 PA law to drill under property of 4 holdout landowners ... Wisc granted comp amazing latitude to mine iron ore, fill in pristine streams, ponds with mine waste. Eliminated public hearing. Supporters donated $15M to Republicans to get law passed ... Total in talks with Lukoil to form JV to develop shale oil in Russia Siberia. Russia's 10Mb/d production expected to drop 1M by '20 unless they frack or go offshore Arctic. USGS est. Russia shale oil 80-140B bls ... Cal to distribute cap-and-trade proceeds back to residents. (What a missed opportunity to put it into more clean energy. O well, pandering to voters. What can you expect?) ... India's tea producers struggling to cope with climate change ... Cal cities, towns developing climate action plans ... Tryba Energy targeting up to Eur50M investment in clean energy after '13 project cancellations ... Japan Intl Coop Agency to increase cofinance for clean energy in C. Am, Carib to $1B. Partnering with Inter-Am Development Bank ... Sun Capital closed buy of MO smart meter maker Aclara from ESCO ... MN PUC approved Geronimo Energy 100Mw solar project. To sell to Xcel Energy ... Cool Planet closed $100M series D to finish 1st cellulosic biofuel plant in Louisiana. 10M gal/yr full cap in '15. Plans hundreds of plants worldwide ... Apex Clean Energy (VA) bought up to 550Mw wind power plants from Nordex, juwi ... UK Green Investment Bank to take 10% stake in RWE Innogy offshore wind project for 220M Pounds, take 50% stake in DONG Energy offshore wind project for 220M Pounds. $767M total ... GE to buy majority stake in 230Mw Japan solar project. Cost est. $778M ... Brazil to hold solar auction this yr ... LDK Solar reached agreements on debt restructure ... DOT: lack of industry input on Bakken safety testing ... TX regulators hired seismologist to examine fracking-linked quakes ... 1.1M oil/NG wells in US ... Air monitors in Uinta Basin (UT, CO) recorded ozone over fed limits 3 yrs in row. Monitors don't meet EPA standards, can't be used for enforcement ... WY suing EPA over regional haze plan ... Feds allowing oil to flow again in south leg of pipe ruptured in Ark a while ago ... UN court banned Japan whaling ... Tarballs from Houston washing up 200 miles away ... No more contamination found from Lake Mich spill. (Our old friend BP.) ... Illegal coal mining thriving in Poland ... TSLA says will source raw materials for batts in new factory from US. (Where's US lithium?) ... MD Senate cleared bill permitting farmers to use conserved land for clean energy ... GE: fuel cell tech boom hampered by need for platinum ... Highest ethanol prices since '06 on rail transport bottlenecks ... Jan Bakken production 871Kb/d, down from 911K Dec. Weather ... Questions rising if Eagle Ford has peaked ... Libya el minister, just returned from 30-yr exile in Canada, seems in charge of country when not busy keeping the lights on. OIl production down to 150Kb/d. Hardly enough to keep the bakers baking ... Angola production now 1.69Mb/d. Set to peak in '16 at 1.9M. Then fall to 1.77M in '17 ... Shell shut down 400Kb/d Forcados crude export terminal in Nigeria. Force majeure ... Swiss oil field service comp reducing ops in Venezuela. "Serious liquidity situation." Govt took step toward easing strict currency controls ... Iran started up 1st-ever floating NG condensates export terminal in Gulf. 600Kb/d cap ... China's liquid fuels demand est. to reach over 11Mb/d this yr ... Russia GDP $2T ... Japan utility restarting 1Gw coal plant project ... U of Mich, Princeton researchers found new mag behavior. Could help nuke fusion reactions easier to start. 100M degrees C required for commercial fusion. Do the work, kids ... Myanmar granted 10 shallow water offshore blocks, 10 deepwater licenses ... Thailand's petro major about to begin 300MCF/d NG production offshore ... Kazakhstan's top uranium producer (world's top) going to Africa ... Argentina reducing utility subsidies ~20%. Incentives for responsible use. Govt to save up to $1.6B ... BLM OK'd 45Mw expansion of NV geothermal plant ... 2 more NG units online this yr at NG peaking plant in Bakken ... NTPC (India) more than doubled solar cap to 75Mw. 3 new plants - 45Mw - ready to op. Comp has 43Gw cap, most coal. Plans to develop 1Gw clean E by '17 ... Sorry so late pards. 138th Reds opening day in Cincinnati. Play ball.
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